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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


2 posters

The Central Bank reduces the letters of guarantee of the brokerage companies by the banks

rocky
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The Central Bank reduces the letters of guarantee of the brokerage companies by the banks Empty The Central Bank reduces the letters of guarantee of the brokerage companies by the banks

Post by rocky Wed 09 Jan 2019, 6:38 am

The Central Bank reduces the letters of guarantee of the brokerage companies by the banks




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The central bank announced on Wednesday that it reduced the letters of guarantee for companies mediated by banks. 

"It is decided that the letters of guarantee issued by the banks for the benefit of companies that mediate the sale and purchase of foreign currency for six months instead of one year from the date of issuance of the guarantee letter to companies wishing to extend the letters of guarantee in force," the bank said in a statement. 

"Letters of guarantee must be 50 percent of the company's capital."




A letter of guarantee is a pledge issued by the bank at the request of the customer in which the bank undertakes to pay the value of the letter to the account of a third party which is the beneficiary in the case of a claim for payment of it in a certain period.

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Lobo
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The Central Bank reduces the letters of guarantee of the brokerage companies by the banks Empty Re: The Central Bank reduces the letters of guarantee of the brokerage companies by the banks

Post by Lobo Wed 09 Jan 2019, 11:21 am

Thanks Rocky, the CBI seems to be tightening the "screws" on these companies - hope that means we are getting close for the blessing.

    Current date/time is Thu 26 Jan 2023, 10:04 pm